The Goldman Sachs Group Begins Coverage on Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)

Key Points

• Goldman Sachs has initiated coverage on Rolls-Royce Holdings PLC with a "buy" rating, indicating a positive outlook on the aerospace company's stock.
• In contrast, Kepler Capital Markets downgraded Rolls-Royce from a "strong-buy" to a "hold" rating, reflecting mixed sentiments among analysts.
• Hedge funds have increased their holdings in Rolls-Royce, with significant investments from multiple institutional investors over recent quarters.

The Goldman Sachs Group initiated coverage on shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Free Report) in a research note published on Friday morning, MarketBeat Ratings reports. The brokerage issued a buy rating on the aerospace company's stock.

Separately, Kepler Capital Markets cut shares of Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Rolls-Royce Holdings PLC Trading Up 1.8%

Shares of RYCEY traded up $0.28 during mid-day trading on Friday, reaching $15.71. 1,922,453 shares of the company's stock were exchanged, compared to its average volume of 2,889,369. The company has a 50-day simple moving average of $14.42 and a two-hundred day simple moving average of $12.20. Rolls-Royce Holdings PLC has a 52-week low of $6.70 and a 52-week high of $15.83.

Rolls-Royce Holdings PLC Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 25th. Shareholders of record on Tuesday, August 12th will be paid a $0.0596 dividend. This represents a yield of 97.0%. The ex-dividend date of this dividend is Monday, August 11th.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

A number of hedge funds have recently made changes to their positions in RYCEY. First Horizon Advisors Inc. boosted its holdings in shares of Rolls-Royce Holdings PLC by 31.8% in the 1st quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company's stock valued at $84,000 after purchasing an additional 2,055 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new position in shares of Rolls-Royce Holdings PLC in the 2nd quarter valued at $174,000. GAMMA Investing LLC boosted its holdings in shares of Rolls-Royce Holdings PLC by 14.7% in the 1st quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company's stock valued at $288,000 after purchasing an additional 3,771 shares during the last quarter. Torray Investment Partners LLC acquired a new position in shares of Rolls-Royce Holdings PLC in the 2nd quarter valued at $669,000. Finally, Rhumbline Advisers boosted its holdings in shares of Rolls-Royce Holdings PLC by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company's stock valued at $1,103,000 after purchasing an additional 1,205 shares during the last quarter. Institutional investors and hedge funds own 0.07% of the company's stock.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.